Riverfront Playhouse

Analysis

Riverfront Playhouse is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverfront Playhouse reported income of $247k and spending of $275k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $247k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverfront Playhouse sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Arts for Schools Inc ($247k), L a Troupe Theatre-In-Education ($247k) and Portsmouth Museums Foundation Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 42% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $808k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.